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StockX Co-founder Promoted to CEO Job

Retail TouchPoints

Schwartz co-founded StockX, a platform for buyers and sellers of sneakers, apparel, electronics and collectibles, in 2016 with Dan Gilbert, Josh Luber and Chris Kaufman. Current CEO Scott Cutler, who was one of the company’s earliest investors and advisors, will step down but will remain through 2024 to help ensure a smooth transition.

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Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow

Inside Retail

per cent drop in total quarterly revenue, according to Refinitiv – its steepest drop in third-quarter revenue since 2016. The post Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow appeared first on Inside Retail. per cent rise in the quarter ended March.

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Wayfair COO Steps Down as Retailer Strengthens Internal Integration

Retail TouchPoints

As part of this shift, Wayfair will further integrate customer- and supplier-focused activities with supply chain capabilities under the leadership of current Chief Commercial Officer Jon Blotner, who joined Wayfair in 2016. “This integration will strengthen our decision-making and enhance our ability to lead in the market.”

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Starbucks Joins Data-Sharing Pact Aimed at Reducing Food Waste

Retail TouchPoints

Since 2016, the Starbucks Foodshare Program has diverted more than 75 million pounds of food from waste streams and donated more than 63 million meals. Starbucks is the second quick service restaurant (QSR) to join the Pact, joining Chick-fil-A and supermarket chains including Ahold Delhaize USA, Aldi U.S.,

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Designerex resumes trading amid ‘significant’ investor interest 

Inside Retail

Founded in 2016, Designerex allows customers to create accounts and list items for rent directly from the online checkout pages of participating brands. When entering administration in March, the company cited a legal dispute with a technology provider and said the process would allow it to minimise further disruption caused by the issue.

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US burger brand’s comeback: Wendy’s makes its new Australian debut

Inside Retail

The Carls Jr business launched on the NSW Central Coast in 2016. With plans to open 15 outlets, so far it has expanded to Manly and Sydneys west, as well as Byron Bay and Surfers Paradise.

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Two Australian furniture chains set for sale

Inside Retail

Quadrant later became a co-owner before taking full control of Amart in 2016. The retailer generates about $600 million of sales and annual earnings of $90 million. Ironbridge Capital bought the chain for $500 million in 2006. Quadrant is believed to offload Amart through a trade sale or an IPO.

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